MANUFACTURING CONTRIBUTES 13pc GDP

GCC industrial investments hit $426bn across nearly 22,000 factories

Sun, 18 Oct 2026

The GCC countries have built an investment base of $426 billion across nearly 22,000 factories, contributing 13% of regional GDP in 2025, said a report. About 40% of the industrial investments are concentrated in key sectors such as plastics, refined petroleum products, aluminium and iron and steel.

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33 ARRESTED

Sharjah police bust $2.4bn global crime ring, protect $17.7bn in assets

Fri, 16 Oct 2026

Sharjah Police have dismantled four international criminal networks involved in an elaborate AED8.8 billion ($2.4 billion) cyber fraud and money laundering operation, arresting 33 suspects and securing more than AED65 billion in corporate assets in one of the UAE's major crackdowns on organised cross-border financial crime.

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CUSTOMER CONFIDENCE STAYS

Emaar’s sales backlog at $49bn, collection rate at 98%, says Alabbar

Fri, 16 Oct 2026

Emaar Properties' sales backlog - the value of property sales yet to be recognised as revenue - stood at around AED180 billion ($49 billion), while indicating its collection rate reached 98% last year, recovering from a temporary decline during the regional tension, said Emaar Properties Founder and Managing Director Mohamed Alabbar.

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PROLONGED CONFLICT BIG RISK

Middle East economy set for strong 6.6pc rebound in 2027: IMF

Fri, 16 Oct 2026

The Middle East, North Africa and Pakistan are poised for a sharp economic recovery in 2027, with growth projected to reach 6.6 per cent after a war-induced contraction this year, although the International Monetary Fund (IMF) has warned that the rebound will be uneven and depend heavily on the restoration of energy production and trade.

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ANALYSIS

GCC capital markets enter new phase as funding sources diversify: Fitch

Wed, 30 Sep 2026

GCC capital markets have witnessed significant development in recent years, driven by governments’ efforts to diversify funding sources and deepen capital markets, said top rating agency Fitch, adding the combined market capitalisation of listed equity markets across the Gulf region stands at around $4 trillion.

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Top This Week

Africa needs $125bn in refining investment through 2050, says OPEC

Thu, 15 Oct 2026

Africa will need at least $125 billion in investment in oil refining through 2050, including funding for new projects, existing facilities and maintenance, an OPEC official said at African Energy Week 2026 in Cape Town, South Africa, as the continent's oil demand is projected to outpace refining capacity, said a report.

Global energy demand to climb 20pc by 2055, says expert

Thu, 15 Oct 2026

Global energy demand is set to jump 20% by 2055 driven by economic and population growth, said an industry expert, adding renewable energy and natural gas will likely account for much of the growth, creating big opportunities for investment in new gas projects and supporting infrastructure.

Ship sinkings near Strait of Hormuz raise alarm as US weighs escalation

Thu, 15 Oct 2026

Security tensions in the Middle East have intensified following the reported sinking of two cargo ships near the Strait of Hormuz, declining oil shipments through the strategic waterway and reports that the US is preparing additional strike options against Iran.

Emaar chief unveils $16bn Syria property investment plans

Wed, 14 Oct 2026

Dubai master-developer Emaar Properties plans to invest more than $16 billion in real estate and tourism development projects in Syria, with investment decisions guided by economic feasibility, development potential and social responsibility amid ongoing economic and geopolitical challenges, said its top official.

Aamal partners with Chinese group for Qatar tunnel projects

Wed, 14 Oct 2026

Aamal Company, one of the largest, most diversified companies in Qatar, said its subsidiary, Advanced Pipes and Casts Company (APC), has signed an agreement with China Railway Tunnel Group to collaborate on upcoming tunnel segment projects and related supply chains in Qatar and the wider region.

Global diesel supplies to remain tight until 2027, warns IEA

Wed, 14 Oct 2026

The International Energy Agency (IEA) warned on Wednesday that global diesel supplies will remain tight until 2027. It attributed the shortfall to supply disruptions caused by tensions in the Middle East and declining exports from Russia and parts of Asia.

RCRC awards $1.47bn contracts for 94 new Riyadh Metro train sets

Wed, 14 Oct 2026

The Royal Commission for Riyadh City (RCRC) has awarded contracts worth SAR5.5 billion ($1.47 billion) to German industrial giant Siemens and French rolling stock manufacturer Alstom for 94 new train sets for its Riyadh Metro network. Deliveries are set to begin in 2028, with the trains to be supplied in phases.

AI could unlock $1trn for MENA, but infrastructure must keep pace: WEF

Wed, 14 Oct 2026

Artificial Intelligence (AI) could unlock more than $1 trillion across the Middle East by 2030, including $200 billion through sustainable finance and $370 billion through public investment. a new World Economic Forum report says.

ADPIC, TBC join forces to explore underground infrastructure in Abu Dhabi

Wed, 14 Oct 2026

The Abu Dhabi Projects and Infrastructure Centre (ADPIC) has partnered with The Boring Company (TBC), the advanced tunnelling and infrastructure technology company founded by Elon Musk, to explore underground transport, utility tunnels, and related infrastructure solutions across the emirate.

Dubai's real estate investments hit $185bn in 2025, says report

Sun, 18 Oct 2026

The value of Dubai's real estate investments has grown steadily over the past few years, rising nearly five-fold from AED148 billion ($40.2 billion) in 2021 to more than AED680 billion ($185 billion) in 2025, said a leading UAE brokerage, adding the number of investments have jumped from 72,000 to 259,000 over the period.

Top construction expos Saudi Build, Elenex postponed to next year

Sun, 18 Oct 2026

Two of the major events in the Saudi construction sector - the 36th edition of Saudi Build and the 27th edition of Saudi Elenex - originally scheduled to be held from November 2 to 5 in the capital Riyadh have been postponed to next year due to the ongoing Middle East tensions.

Jazeera Airways receives first A320neo under 26-aircraft order

Sun, 18 Oct 2026

Jazeera Airways has welcomed its newest Airbus A320neo aircraft in Kuwait, marking the first delivery under its landmark order for 26 Airbus aircraft and a new phase of fleet expansion and long-term growth.

GCC industrial investments hit $426bn across nearly 22,000 factories

Sun, 18 Oct 2026

The GCC countries have built an investment base of $426 billion across nearly 22,000 factories, contributing 13% of regional GDP in 2025, said a report. About 40% of the industrial investments are concentrated in key sectors such as plastics, refined petroleum products, aluminium and iron and steel.

stc Bahrain launches firebase phone number verification with Telenor Linx

Fri, 16 Oct 2026

stc Bahrain, a digital enabler, has selected Telenor Linx as its Firebase Phone Number Verification provider, becoming the first mobile operator in the Middle East to deploy the advanced verification service, the company said.

Deploying capital in the Gulf: the pitfalls that slow deals down

Wed, 14 Oct 2026

The Gulf is one of the most active investment regions in the world. Diversification efforts have opened sectors from logistics and healthcare to technology, energy and financial services, and international capital has followed. But deals in the region rarely stall over price – they stall over process, timing and people. Investors who understand this early tend to close faster and build stronger partnerships.

Armah inks land lease agreement to develop sports club in Riyadh

Sun, 18 Oct 2026

Saudi-based Armah Sports Company (Armah) has signed a land lease agreement with Fawaz Abdulmohsen Saad Bin Saeed to develop and operate a men's sports club in Riyadh. This 20-year deal comes as part of the group's strategy to expand through prime locations in the kingdom.

Bahrain approves Wegovy pills for obesity treatment

Sun, 18 Oct 2026

Bahrain's National Health Regulatory Authority (NHRA) has approved Wegovy (semaglutide) pills, an oral GLP-1 treatment for obesity, in the kingdom. With this, Bahrain has become the second GCC country, after the UAE, and the fifth country worldwide to make the medicine available to its citizens.

Najah 2026 to have its largest footprint to date

Sun, 18 Oct 2026

Najah, the Middle East’s premier higher education fair, is set to open its 20th edition in Abu Dhabi, marking a major milestone in a journey spanning two decades.

talabat appoints Zain Bashir as Managing Director Bahrain

Sun, 18 Oct 2026

talabat, Mena’s leading Everyday App, has announced the appointment of Zain Bashir as Managing Director of talabat Bahrain.

CBUAE, MAS discuss cooperation on digital currencies

Sun, 18 Oct 2026

The Central Bank of the United Arab Emirates (CBUAE) held a bilateral meeting with the Monetary Authority of Singapore (MAS) to discuss ways to further develop cooperation between the two authorities.

Dubai launches trial operation of Glydways automated transit system

Sun, 11 Oct 2026

Roads and Transport Authority (RTA) has launched the trial operation of the Dubai Glydways automated transit system at a premium retail destination in the emirate - Bluewaters. The system uses autonomous electric vehicles supported by artificial intelligence technologies, operating on dedicated guideways.

ARTDOM Riyadh postponed to 2027

Thu, 15 Oct 2026

ARTDOM Riyadh 2026, originally scheduled to take place on October 20 and 21 at KAFD Conference Center, Riyadh, has been postponed to 2027.

Bahrain's key irrigation project on track for year-end completion

Sat, 17 Oct 2026

Bahraini authorities said steady progress was being made on the new agricultural project in Buri with nearly 87% of the infrastructure works completed. With the irrigation networks, water wells and two main substations ready, the project is set for completion by the year-end.

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